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As I said before, look in EXCEL. All the formulas are there. (Financial
functions). Click on "Help on this function" for the formula.
e.g., for
IPMT
Returns the interest payment for a given period for an investment based on
periodic, constant payments and a constant interest rate. For a more complete
description of the arguments in IPMT and for more information about annuity
functions, see _PV_
(mk:@MSITStore:C:\Program%20Files\Microsoft%20Office\Office10\1033\xlmain10.chm::/html/xlfctPV.htm) .
Formula Description (Result) =IPMT(A2/12, A3*3, A4, A5) Interest due in
the first month for a loan with the terms above (-22.41) =IPMT(A2, 3, A4,
A5)
Interest due in the last year for a loan with the terms above, where
payments are made yearly (-292.45)
In a message dated 12/5/2008 8:50:37 A.M. Jerusalem Standard Time,
koldark@xxxxxxxxx writes:
I am not exactly a student, but in my searches I found the formula mentioned
in the wikipedia post, but it didn't divulge into how to get the various
parts of the payments. That is what I am focusing on. This will help me out
thank you.
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This thread ...
Re: Creating an Amortization Schedule, (continued)
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